Suggest you look at the amounts they were looking to raise with these placements. FAR from optimal by any stretch of the imagination.
Of much more concern is golds recent smash through huge support @ $1180...
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Could be an interesting day. Google alert says New Talisman considering JV or farm in arrangement at Rahu with unnamed major company. Cant get into article, well not for 195.00. Did I miss something? Perhaps Newmont was really impressed with NTLs little pile of scrapings off the hardstand area.
Would have thought it would be price sensitive.
We await a revisit from GoodAsGold due to this being on her doorstep.
The point is, has anyone else seen anything in relation to a joint venture or farm in with regards to the Rahu prospect previously.
It appears new to me however I am no expert in these things and it may be old hat.
New Talisman considers joint venture for Rahu
One of the long-held gold prospects near an historic gold mining centre has been prodded as a potential joint venture or farm-in arrangement for a significant but unnamed gold company.
Can anyone get these details and post them if possible. from NZResources.com
That could be interesting. It might explain why Newmont is now able to toll-treat Talisman ore.Quote:
New Talisman considers joint venture for Rahu
By Ross Louthean
A joint venture is being considered by New Talisman Gold Mines Ltd (NZX & ASX: NTL) for its Rahu exploration prospect near Karangahake.
Rahu has long been considered a potential continuation of the nearby historic gold deposits at Karangahake, where NTL is advancing test work and having stockpiled ore from the Talisman mine treated at Newmont Waihi Gold’s gold plant at nearby Waihi.
New Talisman’s September quarter report reiterated the work and progress the company has made on the Talisman project in the past three months. However, the fact NTL has had another company undertaking a site visit at Rahu, and at some of its other permits including Golden Valley, is new.
NTL said “a significant gold producer” had seen core samples from NTL’s drilling at Rahu.
“At the date of this report discussions on a potential joint venture or farm-in continue to be advanced and an update will be provided to the market in due course,” NTL reported.
Some observers may put two-and-two together by considering this other party is Newmont Waihi Gold, but that may not necessarily add up to four.
New Talisman said that the potential partner may also be interested in unlisted Coromandel Gold Ltd which was set up by the company as a separate entity in 2012.
http://webcache.googleusercontent.com/img/icons/pdf.jpg Activity report. (64.2 kilobytes)
http://webcache.googleusercontent.com/img/icons/pdf.jpg Cashflow report. (90.1 kilobytes)
Companies mentioned in article
New Talisman Gold Mines Ltd
I thought for a nano-second it might be AXG that was keen. Maybe they would be, if they had any capital backing.